Post Top Ad

9.14.2011

Timmy the Tax Cheat's alternate reality

"I'm a fiscal hawk and I'm a big hawk on bank capital." - Tim Geithner being interviewed by Kramer the Klown on CNBC just moments ago (transcript, video).

You mean like when you were head of the New York Fed, charged with Wall Street oversight, from 2003 - 2007 and you allowed all the TBTF banks to run wild with near-infinite leverage and bogus assets, Timmy?

He also says there is "no chance" Europe will have a Lehman event. Hmmm... what was the last thing Geithner said there was no chance of? Oh yeah, that's right. The U.S. being downgraded.